Midland Microfin Limited - INE884Q07699

Microfinance

corporate

Coupon Rate
12.80%
Maturity Date
29 May 2026
ISIN
INE884Q07699copy
Face Value
₹1,00,000
About Issue
This A- rated bond from Midland Microfin Limited, a corporate, offers a Fixed coupon of 12.8% with maturity on 29 May 2026. Issued through the Private placement as under ISIN INE884Q07699, with a solid investment-grade rating, this bond offers an attractive opportunity for investors willing to accept moderate credit risk in exchange for higher yields. An ideal pick for investors aiming to boost portfolio returns, while staying within the boundaries of credible credit quality in the NBFC space.
Key Attributes
Rating
ACUITE A- (Negative)
Mode of Issue
Public
Private
Tax Saving
Yes
No
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Quarterly
Principal Frequency
-
Coupon Type
Fixed
Sector
corporate
Total Issue Size
-
Allotment Date
02 May 2024
Remaining Tenure
10M
Security Name
MIDLAND MICROFIN LIMITED 12.80 NCD 29MY26 FVRS1LAC
Risk Assessment
Credit Rating
Rating
ACUITE A- (Negative)
Date of Rating
22 Jan 2025
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